Silver prices in India have witnessed a powerful recovery today, Saturday, February 21, 2026, following a week of extreme volatility. Rebounding from recent lows, the “white metal” has surged by ₹5,000 per kilogram, reclaiming the critical ₹2,75,000 psychological mark.
This bullish momentum mirrors the rise in gold and is largely driven by fresh industrial demand and a shift in global trade policies. Below is the comprehensive breakdown of today’s silver rates according to GoodReturns.
Today’s Silver Prices in India (INR)
Silver has turned decidedly bullish today, with a 1.85% jump in price since yesterday.
| Unit | Today’s Price (Feb 21) | Yesterday’s Price | Change |
| 1 Gram | ₹275 | ₹270 | + ₹5 |
| 8 Grams | ₹2,200 | ₹2,160 | + ₹40 |
| 10 Grams | ₹2,750 | ₹2,700 | + ₹50 |
| 100 Grams | ₹27,500 | ₹27,000 | + ₹500 |
| 1 Kilogram | ₹2,75,000 | ₹2,70,000 | + ₹5,000 |
Investment Note: While the retail price stands at ₹2.75 lakh, the Multi Commodity Exchange (MCX) silver futures have also seen high-volume trading, oscillating between ₹2.48 lakh and ₹2.52 lakh.
City-Wise Silver Rates (February 21, 2026)
While most major cities have stabilized at the ₹2.75 lakh level, southern hubs like Chennai and Hyderabad are currently commanding a premium.
| City | Price per Kilogram (1kg) |
| Chennai | ₹2,90,000 |
| Hyderabad | ₹2,90,000 |
| Bhubaneswar | ₹2,90,000 |
| Mumbai | ₹2,75,000 |
| Delhi | ₹2,75,000 |
| Bangalore | ₹2,75,000 |
Market Trends: Why is Silver Rising?
The sudden 2% jump in silver prices today is the result of several converging factors:
- Renewed Industrial Demand: Silver is a key component in photovoltaic (PV) cells for solar panels. Despite a slight forecasted dip in overall industrial fabrication for 2026, the tight physical market and a sixth consecutive year of market deficit are keeping prices elevated.
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- Global Protectionism: US President Donald Trump’s approval of a 10% global tariff has sparked a rush toward precious metals as a hedge against currency devaluations and trade wars.
- The Gold-Silver Ratio: With gold nearing ₹1.60 lakh, silver is often viewed as the “undervalued” sibling. Traders are increasingly moving into silver to take advantage of the narrowing gold-to-silver ratio, which has recently fallen below 50.
- Bargain Buying: After silver crashed nearly ₹42,000 last week, domestic retail buyers in India have returned to the market to purchase at these “corrected” levels before the wedding season peak.
Historical Context: February 2026 at a Glance
The silver market in February has been a rollercoaster for investors:
- Feb 1: Opened at ₹3,50,000 per kg.
- Feb 18 (Month Low): Touched ₹2,55,000 per kg.
- Feb 21 (Today): Rebounded to ₹2,75,000 per kg.
Overall, silver is down approximately 21% from its record highs seen on January 29, 2026, making the current price point a significant entry level for long-term investors.
Buyer’s Advice
If you are planning to buy silver today, remember that the rates mentioned above are base prices. Final billing will include:
- 3% GST on the total value.
- Making Charges (for jewellery or intricate silverware).
- HUID/Hallmarking fees for purity assurance.